Question 1

Henry Towne wanted engineers to think in "economic" terms. Why engineers? Why not accountants, or lawyers, or financiers, etc.? What did economists contribute?

Accepted Answer

Henry Towne wanted engineers to think in...

Question 2

Andrew Carnegie's success in the steel industry was due to

Accepted Answer

A)   his ability to integrate and speed up the "throughput."
B)   his use of McCallum's management methods.
C)   his cost accounting techniques.
D)   all of the above
E)   only a and bF) B) and D)
G) A) and B)

Question 3

Identify the role of the "Social Gospel" in influencing managerial thought.

Accepted Answer

The "Social Gospel" was a movement in th...

Question 4

One successful union organized in 1886 as a federation of craft unions was:

Accepted Answer

A)   the AFL
B)   the CIO
C)   the Cordwainers
D)   the teamsters
E)   none of the aboveF) A) and C)
G) C) and D)

Question 5

Alfred D. Chandler's phases in the history of the large American enterprise included:

Accepted Answer

A)   the initial expansion and accumulation of resources
B)   the rationalization of the use of resources
C)   the need for a managerial hierarchy
D)   all of the above
E)   only b and c aboveF) A) and E)
G) C) and D)

Question 6

Describe developments in the early American labor movement in terms of wages, real wages, union membership, and so forth.

Accepted Answer

The early American labor movement saw si...

Question 7

Followers of the Social Gospel would be in favor of:

Accepted Answer

A)   temperance in the use of alcohol
B)   the prohibition of trade unions
C)   profit sharing
D)   all of the above
E)   only a and c aboveF) B) and E)
G) All of the above

Question 8

Immigration provided a growing work force during America's 19th century and this increased supply of labor resulted in lower wages and declining real wages for the American worker.

Accepted Answer

A) True 
 B)False  False

Question 9

The notions of limited charter powers and of management as trustee of the stockholders' property combined to form the nineteenth century legal basis regarding corporate philanthropy.
10.0

Accepted Answer

A) True 
 B)False

Question 10

Andrew Carnegie's monopolistic pricing power in the steel industry enabled him to increase the price of his products, for example, iron rails, during his period of ownership.

Accepted Answer

A) True 
 B)False

Question 11

According to your authors, Carnegie's greatest philanthropy was to find a way to combine management and technology to create more jobs, reduce prices, expand markets, and advance industrial development.

Accepted Answer

A) True 
 B)False

Question 12

What views did American business hold toward its obligations to society? What legal limits shaped those views?

Accepted Answer

American business has historically held a range of views toward its obligations to society. Some businesses have believed that their only obligation is to maximize profits for their shareholders, while others have taken a more socially responsible approach, considering the impact of their actions on employees, customers, and the broader community.

Legal limits have shaped these views in a number of ways. Antitrust laws, for example, have limited the ability of businesses to engage in anti-competitive practices that harm consumers and other businesses. Labor laws have imposed requirements on businesses to provide safe working conditions and fair wages to their employees. Environmental regulations have placed limits on businesses' ability to pollute and harm the natural world.

In recent years, there has been a growing movement toward corporate social responsibility, with businesses recognizing the importance of considering social and environmental impacts alongside financial performance. This has led to the development of new legal structures, such as benefit corporations, that allow businesses to pursue both profit and social or environmental goals. Overall, the legal limits and evolving societal expectations have played a significant role in shaping American business' views toward its obligations to society.

Question 13

The principles that formed the nineteenth century legal basis regarding corporate philanthropy included:

Accepted Answer

A)   the notion of limited corporate charter powers
B)   the notion of management as trustee of the stockholders' property
C)   the notion of deductions from corporate gross income in order to reduce federal taxes
D)   only a and b
E)   only b and cF) All of the above
G) A) and D)

Question 14

Between 1860 and 1890, industrial unions in the U.S.A. were successful in starting because of low wages and declining real wages.

Accepted Answer

A) True 
 B)False

Question 15

Inventors and innovators were referred to as "prime movers." Compare and contrast this period in American history with developments in other countries. What were the primary differences?

Accepted Answer

In American history, the period of inven...

Question 16

The American Federation of Labor was organized in 1886 as a federation of craft unions that concentrated on the pursuit of immediate economic gains for the workers on the job rather than on distant political reforms.

Accepted Answer

A) True 
 B)False

Question 17

Henry R. Towne proposed that the American Society of Mechanical Engineers (ASME) create an economic section to act as a clearing-house and forum for shop management.

Accepted Answer

A) True 
 B)False

Question 18

Vertical integration, moving forward or backward in the input-throughput-output stream, would be an example of:

Accepted Answer

A)   Chandler's Phase 1, resource accumulation
B)   Carnegie's strategy in the steel industry
C)   McCallum's method of organization
D)   both a and b above
E)   both b and c aboveF) A) and B)
G) C) and D)

Question 19

Labor violence in American industry in the late 19th century:

Accepted Answer

A)   led to the formation of successful industrial unions
B)   demonstrated that McCallum's principles were unsound
C)   was directly related to falling wages and declining real wages
D)   all of the above
E)   none of the aboveF) B) and C)
G) A) and B) E

Exam 6: Industrial Growth and Systematic Management

Henry Towne wanted engineers to think in "economic" terms. Why engineers? Why not accountants, or lawyers, or financiers, etc.? What did economists contribute?

Correct Answer
Answered by ExamLex AI
Henry Towne wanted engineers to think in...
View Answer

Andrew Carnegie's success in the steel industry was due to

Correct Answer
verified

Identify the role of the "Social Gospel" in influencing managerial thought.

Correct Answer
Answered by ExamLex AI
The "Social Gospel" was a movement in th...
View Answer

One successful union organized in 1886 as a federation of craft unions was:

Correct Answer
verified

Alfred D. Chandler's phases in the history of the large American enterprise included:

Correct Answer
verified

Describe developments in the early American labor movement in terms of wages, real wages, union membership, and so forth.

Correct Answer
Answered by ExamLex AI
The early American labor movement saw si...
View Answer

Followers of the Social Gospel would be in favor of:

Correct Answer
verified

Immigration provided a growing work force during America's 19th century and this increased supply of labor resulted in lower wages and declining real wages for the American worker.

Correct Answer
verified
False

The notions of limited charter powers and of management as trustee of the stockholders' property combined to form the nineteenth century legal basis regarding corporate philanthropy. 10.0

Correct Answer
verified

Andrew Carnegie's monopolistic pricing power in the steel industry enabled him to increase the price of his products, for example, iron rails, during his period of ownership.

Correct Answer
verified

According to your authors, Carnegie's greatest philanthropy was to find a way to combine management and technology to create more jobs, reduce prices, expand markets, and advance industrial development.

Correct Answer
verified

What views did American business hold toward its obligations to society? What legal limits shaped those views?

The principles that formed the nineteenth century legal basis regarding corporate philanthropy included:

Correct Answer
verified

Between 1860 and 1890, industrial unions in the U.S.A. were successful in starting because of low wages and declining real wages.

Correct Answer
verified

Inventors and innovators were referred to as "prime movers." Compare and contrast this period in American history with developments in other countries. What were the primary differences?

Correct Answer
Answered by ExamLex AI
In American history, the period of inven...
View Answer

The American Federation of Labor was organized in 1886 as a federation of craft unions that concentrated on the pursuit of immediate economic gains for the workers on the job rather than on distant political reforms.

Correct Answer
verified

Henry R. Towne proposed that the American Society of Mechanical Engineers (ASME) create an economic section to act as a clearing-house and forum for shop management.

Correct Answer
verified

Vertical integration, moving forward or backward in the input-throughput-output stream, would be an example of:

Correct Answer
verified

Labor violence in American industry in the late 19th century:

Correct Answer
verified
E

Exam 6: Industrial Growth and Systematic Management

Henry Towne wanted engineers to think in "economic" terms. Why engineers? Why not accountants, or lawyers, or financiers, etc.? What did economists contribute?

Correct AnswerAnswered by ExamLex AIHenry Towne wanted engineers to think in...View AnswerShow Answer

Andrew Carnegie's success in the steel industry was due to

Correct AnswerverifiedShow Answer

Identify the role of the "Social Gospel" in influencing managerial thought.

Correct AnswerAnswered by ExamLex AIThe "Social Gospel" was a movement in th...View AnswerShow Answer

One successful union organized in 1886 as a federation of craft unions was:

Correct AnswerverifiedShow Answer

Alfred D. Chandler's phases in the history of the large American enterprise included:

Correct AnswerverifiedShow Answer

Describe developments in the early American labor movement in terms of wages, real wages, union membership, and so forth.

Correct AnswerAnswered by ExamLex AIThe early American labor movement saw si...View AnswerShow Answer

Followers of the Social Gospel would be in favor of:

Correct AnswerverifiedShow Answer

Immigration provided a growing work force during America's 19th century and this increased supply of labor resulted in lower wages and declining real wages for the American worker.

Correct AnswerverifiedFalse

The notions of limited charter powers and of management as trustee of the stockholders' property combined to form the nineteenth century legal basis regarding corporate philanthropy. 10.0

Correct AnswerverifiedShow Answer

Andrew Carnegie's monopolistic pricing power in the steel industry enabled him to increase the price of his products, for example, iron rails, during his period of ownership.

Correct AnswerverifiedShow Answer

According to your authors, Carnegie's greatest philanthropy was to find a way to combine management and technology to create more jobs, reduce prices, expand markets, and advance industrial development.

Correct AnswerverifiedShow Answer

What views did American business hold toward its obligations to society? What legal limits shaped those views?

The principles that formed the nineteenth century legal basis regarding corporate philanthropy included:

Correct AnswerverifiedShow Answer

Between 1860 and 1890, industrial unions in the U.S.A. were successful in starting because of low wages and declining real wages.

Correct AnswerverifiedShow Answer

Inventors and innovators were referred to as "prime movers." Compare and contrast this period in American history with developments in other countries. What were the primary differences?

Correct AnswerAnswered by ExamLex AIIn American history, the period of inven...View AnswerShow Answer

The American Federation of Labor was organized in 1886 as a federation of craft unions that concentrated on the pursuit of immediate economic gains for the workers on the job rather than on distant political reforms.

Correct AnswerverifiedShow Answer

Henry R. Towne proposed that the American Society of Mechanical Engineers (ASME) create an economic section to act as a clearing-house and forum for shop management.

Correct AnswerverifiedShow Answer

Vertical integration, moving forward or backward in the input-throughput-output stream, would be an example of:

Correct AnswerverifiedShow Answer

Labor violence in American industry in the late 19th century:

Correct AnswerverifiedE

Correct Answer
Answered by ExamLex AI
Henry Towne wanted engineers to think in...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The "Social Gospel" was a movement in th...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The early American labor movement saw si...
View Answer

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
In American history, the period of inven...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
E